AI Trading Bot Review: AlgosOne.ai Strengths and Weaknesses

cryptonews.com:

Algosone.ai is an up-and-coming new AI-based trading bot that uses natural language processing models and its own deep learning algorithms to offer a completely hands-off trading solution.

Here’s my review of what I liked, what I think could be improved, and what unique features make them stand out from the crowd.

AlgosOne.ai Strengths

Ok, let’s begin on a positive note, as AlgosOne has a lot going for it. Here below are some of the features that really impressed me.

Ease of Use

One of the things I loved most about the platform was just how easy it was to hit the ground running. There was no programming, strategy selection, or manual risk management. Seriously, my grandma could do it! Once I registered and made the minimum deposit, which incidentally was just $300, AlgosOne took it from there.

This platform is not for you if you want to retain full control over your risk exposure and the composition of your portfolio. EVERYTHING is handled by the AI; it is totally hands-off. However, AlgosOne is great for people who don’t have the time to dedicate to managing their portfolios or the knowledge needed to take the reigns themselves.

It’s also important to note that there is a 14 day trial period, which is a long enough period that you can determine if the platform is right for you, and it’s what I started with (though I later opened an account).

Fees

Here is an area where I really liked what I saw.

AlgosOne doesn’t charge any trading plan maintenance fees or transaction fees. However, commissions are charged on winning trades. (No commissions are charged on losing trades).

50% of commissions go to running the platform, covering operational maintenance, including tech support and risk management, and the other 50% go to the